AvePoint, the most advanced SaaS and data management platform provider, as of market open joined the Russell 3000, Russell 2000 and Russell Microcap Indexes, which are widely used by investment managers and institutional investors for index funds, and as benchmarks for active investment strategies.
“AvePoint is pleased to be added to the Russell indexes nearly one year after our listing on Nasdaq,” said Dr. Tianyi Jiang (TJ), Co-Founder and CEO, AvePoint. “We look forward to the enhanced visibility, broader awareness and engagement with the institutional investor community our inclusion in these indexes will bring as we continue on our mission to enable organizations to collaborate with confidence in the modern workplace.”
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Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
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